WEBVAN, HOMEGROCER REMAIN OPTIMISTIC DESPITE LOSSES

FOSTER CITY, Calif. -- Webvan Group here and Kirkland Wash.-based HomeGrocer.com both posted heavy losses in the second quarter, but spoke of better times ahead pending their merger.Webvan lost $57.1 million on sales of $16.3 million for its fiscal second quarter ended June 30, while HomeGrocer lost $50.2 million on sales of $29.8 million in its quarter, also ended June 30. Webvan last month said

FOSTER CITY, Calif. -- Webvan Group here and Kirkland Wash.-based HomeGrocer.com both posted heavy losses in the second quarter, but spoke of better times ahead pending their merger.

Webvan lost $57.1 million on sales of $16.3 million for its fiscal second quarter ended June 30, while HomeGrocer lost $50.2 million on sales of $29.8 million in its quarter, also ended June 30. Webvan last month said it would buy HomeGrocer in a stock deal worth around $1 billion. That deal, expected to

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